Employees Retirement System of Texas increased its position in Philip Morris International Inc. (NYSE:PM) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,700 shares of the company’s stock after buying an additional 17,600 shares during the period. Employees Retirement System of Texas’ holdings in Philip Morris International were worth $36,477,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PM. Daiwa SB Investments Ltd. increased its stake in Philip Morris International by 12.6% in the third quarter. Daiwa SB Investments Ltd. now owns 102,240 shares of the company’s stock worth $9,940,000 after buying an additional 11,430 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Philip Morris International by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,355,323 shares of the company’s stock valued at $3,826,125,000 after buying an additional 163,627 shares during the period. Oakbrook Investments LLC boosted its position in shares of Philip Morris International by 34.6% in the third quarter. Oakbrook Investments LLC now owns 130,906 shares of the company’s stock valued at $12,727,000 after buying an additional 33,675 shares during the period. Capital One National Association boosted its position in shares of Philip Morris International by 3.6% in the third quarter. Capital One National Association now owns 84,497 shares of the company’s stock valued at $8,215,000 after buying an additional 2,941 shares during the period. Finally, Cortland Associates Inc. MO boosted its position in shares of Philip Morris International by 350.4% in the third quarter. Cortland Associates Inc. MO now owns 31,127 shares of the company’s stock valued at $3,026,000 after buying an additional 24,216 shares during the period. 71.65% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Shares of Philip Morris International Inc. (NYSE:PM) opened at 112.97 on Tuesday. The company has a market capitalization of $175.26 billion, a PE ratio of 25.22 and a beta of 0.94. The firm has a 50-day moving average price of $105.46 and a 200-day moving average price of $97.11. Philip Morris International Inc. has a 1-year low of $86.78 and a 1-year high of $114.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business earned $7 billion during the quarter, compared to the consensus estimate of $6.68 billion. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 earnings per share. Equities analysts anticipate that Philip Morris International Inc. will post $4.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, March 21st. Philip Morris International’s dividend payout ratio is currently 92.86%.

Your IP Address:

Several equities analysts recently issued reports on the company. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $99.56 price objective on the stock in a research note on Tuesday, January 24th. Wells Fargo & Co restated an “outperform” rating and set a $110.00 price objective on shares of Philip Morris International in a research note on Wednesday, December 21st. Bank of America Corp cut Philip Morris International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $102.00 to $96.00 in a research note on Wednesday, January 4th. Jefferies Group LLC restated a “hold” rating and set a $104.00 price objective on shares of Philip Morris International in a research note on Friday, February 17th. Finally, Goldman Sachs Group Inc raised their price objective on Philip Morris International from $101.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $104.45.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 35,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $102.65, for a total value of $3,592,750.00. Following the transaction, the chief executive officer now directly owns 787,671 shares of the company’s stock, valued at approximately $80,854,428.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

Receive News & Ratings for Philip Morris International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.